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they considered draconian cuts, harry reid and mitch mcconnell said there's a select committee that will spread the cuts all over, you know, over evenly, and that didn't happen, bottom line is, listen, this has been up for a year, and i, and others said, let's get to it, get to it, and they did everything but this. they are on vacation now. they should have come back last week if it's that important. it doesn't get down. i hope i'm wrong, but people are depending on a type of certainty and stability. lou: interesting difference of view in the republican party. speaker boehner in his op-ed this week acknowledges that there would be significant disruptions as a result of sequester going into effect, yet, most of the republican parties say this is what we need, see spending cuts, need to take if on even if it's across the board and arbitrary. there is a real division right now working the republican party apparently; is that right? >> i have not heard so much let's just make the cuts and about it. i'm in the pentagon. i'll serve next week again, and i'm working in the national guard bureau, and th
's in charge and harry reid in charge of the senate. you'd thought we're in charge of everything, apparently. we're not. the president needs to show adership. the house already sent forth proposals, sitting on harry reid's desk, he's done absolutely nothing to bring this to a head. he'll put a bill up with a great title, went be what we want and force you to do it, and, by the way, blame the republicans when it doesn't happen, and then they get to it after, obviously, the march 1 #st deadline. lou: military pay will not be affected by sequester. there's the prospect of possible rolling furloughs, one day a week, several effects that civilian employees, a great number of them in the rollg fiduciary row situation, if it does, in fact, occur. the idea of a sequester turns out to have been -- it seems to me, a monumental misjudgment on the part of both parties and the president, and i can't believe we are sitting here march 1st, and neither the republica or the leadership says this is a stupid idea, and the only people with the power to correct a massively ignorant device we created, and the rep
this a news alert. senator harry reid calling for more tax increases. in an interview on abc yesterday, he said tax revenue must be part of any deal to be part of the little defense cuts. here is senator reid. >> the american people are on our side, and america people don't believe in these things. we believe the rich should contribute. stuart: relieve the rich should contribute, tax the rich. president obama pushing for more tax increases yesterday. in an interview on cbs before the super bowl he said there is no doubt that government needs new relation. he promises strong economic growth this year coming on the heels of an economic contraction in the fourth quarter along with the rise in the unemployment rate. and everybody's taxes already went up as of january 1, taxes may go up some more. from taxes to the market. the dow above 14,000 for the first time since 2007 friday afternoon. let's bring in nicole. it is not like it was going to hold at 14,000, now futures are down, how much are they down? nicole: you can see the down arrows, 69 points pulling back awfully 14,000 mark. traders ar
with harry reid what they wi do to avert this from happening. instead he is pointing fingers at congressional republicans who twice voted for replacement plan to do something about these but, absent the president's leadership, absent harry reid doing anything we'll not sit here to debate against ourselves. it is time for real leadership out of washington and we're not seeing tha dennis: president obama has been warning us, women and poor children, will go without being able to eat if we have the sequester cuts. yet he hasn't scheduled an emergency meeting at white house until friday. the cutsave to go into place according to congress based sometime on friday. is he taking this seriously enough? >> i don't think so. i mean if you actually look, he is something like 5,000 miles on nrcc.org. you see the video. we talk about that he has flown 5,000 miles for campaign rallies seemingly for re-election he already won. i don't understand where his quote, unquote leadership is coming in this. we want to avert this with real cuts that make sense. the president hasn't been a partner. and this, look thi
it the wrong way. >> you live by the sword and you die by the sword. harry reid started this. >> starsted what? >> thatismerary -- tempory process. it is the risk they run when they play these kinds of gamings. >> not a usual position for rick. now to eric with what is coming up on cashin? >> wait until you hear the new excuse for spending taking hold in washington. cash in is on in the bottom of the hour. >> first on forbes. did you ever want to know what your coworkers make? many companies are clicking and letting you find out. some on the forbes' group are saying show me the >> private sector salaries not so private. growing number of companies are releasing how much employees are making. co-workers say it is too much information and morgan, you say no problem, explain. >> it is great for business whether it workings or not and represents innovation in the workplace it is good as far as the as a result quality of pay and we have elements of this in the workplace. they have to disclose their salaries and see it with publicly traileded companies that disclose their. i don't think it is it a n
's comments come one day after majority leader harry reid said that he wants to get something done on guns. just what the pro-democrat means is up for interpretation. it may add up to nothing at all politically. mike emanuel has our report. >> president obama went to minneapolis hoping to build support for what he believes are common sense proposals to reduce gun violence. he chose minneapolis to spotlight steps it has taken. >> the city came together. we've launched a series of initiatives that have reduced the number of young people injured by guns by 40%. reporter: mr. obama asked the american people to take action. >> we do not have to agree on everything to agree that it is time to do something. the vast majority of americans, including a majority of gun owners, support requiring criminal background checks for anyone trying to purchase a gun. reporter: to the nra says it will turn into a registry of law-abiding people. >> it will never be universal. the criminals will not comply with it. they could care less. reporter: this super bowl ad, in part funded by michael bloomberg, goes afte
to comment on to harry reid. this weekend talking about more taxes. he says, the american people are on his side. here he is. >> the american people don't believe in this bustier things. we believe that the rich should contribute. we believe we should fill those tax loopholes, get rid of them, i should say, and that is where we need to go. gerri: do you agree? >> no, i don't. john kennedy did not agree. ronald reagan did not agree. they did not agree back in the 1920's. it is never worked in the history of this country raising taxes to bring in more revenue. by the way, the revenue is projected for this year, over two and half trillion dollars. that's more than we took in last year, more than we took in in 2007 and 2008. it is always and has always been a spending problem in washington d.c. look at what is going on in california. wall street loves what california is doing, but remember, the people who voted to raise taxes in california made it retroactive, so what happened is nobody could do anything to get away from the extra increase in taxes, but now we have it here to work on that. let
republican said a little something to push the so security age of one year harry reid said no. no change whatsoever. >> his version of bold talk is he used the word a modest. >> keep in mind there is a bold announcement 400 billion of bipartisan shares that said this was a more irish. >> 2.5 trillion has been cut for what they wanted to increase. >> republicans don't kill anything. >> but with cuts it means reduced the rate of increase. the makeup that israel is when you take a program cut it, send workers home and put an extra legislation and close the building. to bring power to appellations has power know they put in broadband internet. the g.o.p. should find 10 programs and old and shut them down those are real cuts. john: "the washington post" had a great story this federal program wall died the christopher columbus fellowship program spending 80 percent of money in overhead even president obama requested to be cut four times, republicans introduced legislation, they cannot get rid of it because senator cochrane who has a contributor on the board preserves it. >> you don't have to g
that more taxes of a solution. gerri: well, pelosi, harry reid. it is amazing to me. the people have had enough of texas, especially when you drolen to obamacare. i need to get you on to a slightly different topic, executive orders. gene sperling defending the president of the use of executive orders. here's what he had to say. >> the president is going to do whatever is best for deliver results. he can do that through executive orders are action, we will do that, but a lot of the big things we need to do as a country can really only happen if we have bipartisan cooperation. gerri: they're coming. what do you think? >> again, we have seen this playbook. if you look back they have stretched the boundaries of what the president can and should do. they overrule the notion of sending a so-called war at notices in advance of the sequestered. suppose to get layoff notices and that did not. you look at obamacare and they have again and again stretch the boundaries of what the law says to deliver benefits on exchanges and the like to really get the epa, look at race to the top party is basically
that is what you hear from harry reid, tax hikes, spending cuts, when will they back off? they have already gotten them and don't seem satisfied. >> no, they don't think they need to cut back spending in a serious way. elsie growth of medicare and medicaid spending a problem although the cbo said we will be assisted home of the military but by pushing the tax hikes they create uncertainty because they don't know what it is, but until they have certainty we will not grow the private sector and the president kicks the can down the road and the budget really hurts the private sector and until we pay more attention growth will be stagnant. >> i totally agree. the contemporary democratic parties separated itself they are now about the public economy but to send revenue by the tax increase to the public economy i suspect we will see another year of fiscal gridlock they're not in the same hymnal. gerri: or at the same church or town or county. this is what has a jump-start if the growth is under 2%, 15 4% everybody is on the sidelines we'd want to commit to anything not just in and washington but
year and harry reid said no, no, no. >> state of the union is time for bold talk but his version is used the word modest. >> keep in mind there was a big announcement 400 billion that would be cut a piece said this was a rare irish. mo there is talking good games but that is cut for what they wanted to increase. >> republicans have not proposed to kill anything. >> it means you reduce the rate of increase but when you take a program, and it, send the workers some, close the door and ex out the legislation. the administration put in anng by fdr is still a place nowthe putting broadband there. the republicans should find an antiquated programs and ship them done -- down. the christopher columbus fellowship program, 80% to spend an overhead, even the president requested it closed fourd a greastor times, republicanswa introducedll legislation because senator cochran has a contributor on the board who preserves it. >> don't go to a silly example but talk about farm subsidies that is bipartisan agreement they are broken, in this same bill as food stamps, american farmers are not in tro
anybody else liked it, but when the president told me, and harry reid told me, they'd work with us to get an outcome out of the super committee, i felt confident we would. unfortunate ly, we didn't. >> we heard you say over and over again you did your job, but how do you pass a bill in this congress, and it's not noon on thursday, and the house is going home the day before the deadline. are you concerned at all about the option of not being there and the house being out in >> i'll be here tomorrow. i'll be at the white house accepting the president's invitation to meet. listen, we laid our cards on the table. we've shown that we can pass a bill to replace the sequester. that's why we did it twice. connell: speaker of the house, john boehner, a day ahead of the automatic spending cuts when they take effect, $85 billion, and the question and answer session there are reporters in washington. dagen: rich edson has more detail on what he heard and put it in perspective for us. rich? >> the house speaker boehner made it clear as have democrats have all morning and both sides all week that there
, and when harry reid, back on the republican side, he -- one of them that he demanded to have a 60-vote threshold. john bryson, secretary of commerce, he was required to have a 60-vote. this is not a bill buster, but saying you have to file cloture in order to get this on the floor for a vote. that's a 60 vote threshold, and, lou, that happens all the time. lieu -- lou: first time was the majority leader's point, and aside from that, you know, i know you all and the senator are fascinated by the arcane rules and procedures which you must observe. for the rest of us who sit out here, you know, in the vast -- the vast rest of this country, we're kind of interested in whether or not you're pleased with where we are with whether or not you think that hagel was ultimately win con confirmation. >> okay. first of all, let me tell you, senator cruz is a new senator. he's on the arms services committee. i'm the ranking member as you pointed out. all he wants is information he asked for for several weeks having to do with speeches that hagel made to foreign groups and how much money he got from t
of the campaign trail in this senate democratic leader harry reid to pass one of two house bills that would block the fourth cuts. >> for 16 months the president had been traveling all of the country holding rallies instead of sitting down with senate leaders in order to try to forge an agreement over there in order to move the bill. we have moved the bill in the house twice. we should not have to move a third bill before the senate gets off their butt and begins to do something. >> the president of the pressure on him by bringing the local republican congressman thomas got virgil, border force one where the congressman told reporters that in addition to spending cuts he favors raising revenues through tax reform and then got a presidential shot up. >> is one of your republican congressman who is with us here today, and that is always healthy for public and, being with me. but the reason he's doing it is because he knows is important to you. and he has asked his colleagues in the house to consider closing tax loopholes instead of letting these automatic cuts go through. lori: -- >> reporter: quic
when he says harry reid says this, chuck schumer says is, we don't have a spending problem, it is a revenue issue, we have to get more taxes. what you say? are they smoking something? >> we have a spending problem. >> i am just saying, why can't they be like an alcoholic? >> to your earlier point, everybody is talking arod the edges right now. entitlements, 60% of our budget is captured. >> well, i was going to say, let's be clear. what we are actually looking at is $44 billion. 1% of the federal budget in fiscal year 2013. even with sequestration, we will spend more than 2013 we spend in 2012. we have a spending problem, absolutely. but we do not necessarily have a revenue problem in the sense that revenues are at or near all-time highs. what we do have is an inability to match things with our revenue. we should be spending something closer to what we were spending last year of the bill. >> i think it could quickly get the ball rolling. i just think that we have to get past the blame game. you know, it's sort of like this are not. >> sequestration is something we can go fo
to harry reid, nancy closely really also concur with. the math doesn't add up, if you can tax the rich at 100% it would not come close to covering our needs, this is a reallocation problem, this is a bad math problem and we can't sustain this and we want a government there is an argument to be made that they do want a bigger, better government, you will have to pay for it. you will have to pay a lot for people to provide, what you think of that? >> exactly. the path we're on right now is unsustainable. either we go the path europe has gone down with a statement economy and cons of unemployment, tons of people taxed to death, or the other path with a more economic freedom and people can decide what they want to do, government isn't taking care of you from cradle to grave and they make that hard choice because this is not sustainable. neil: could also be stating something america's might well come and be willing to pay a little bit more if they have a government that will do a little bit, presumably a lot more and might be okay with it but throwing it out there that it is inevitable, so
: >> r eporter: and by the way, the senate democratic leader, harry reid, said that he would have his first meeting in quite a while with speaker boehner later this week. david and liz? david: all right. well, you asked the right question. it wasn't for want of trying that you didn't get an answer of some kind. thank you, peter. we'll see more of you tonight. and tonight it all begins at 8 p.m. live coverage of the state of the union address hosted by my buddy, he is back and roaring, neil cavuto, delivering -- well, he's not delivering the state of the union, but perhaps someday he will. you never know with neil. nothing's going to stop him. liz: neil for president. we will have much more on the state of the union and the president's plan for economic growth when steve forbes joins us later this hour. david: also, where are companies turning to raise money? we're going to take a close look at why public debt and equity issues are falling at private -- and private issues are rising. this is a very interesting story about where companies are getting cash. details in a moment. ♪ today
stuart: we just had time to squeeze in the "highlight reel." >> president obama and harry reid wants more "revenue." >> and looking to expand it. >> republicans would have been blamed for any tax increase on the middle class. >> the end result being he takes more money off of wealthy people. >> it slows us down gradually. >> many can say texas don't matter. of course they will in the long run. stuart: here we come. what a perfect moment to throw it to dagen and connell. connell: good morning, everyone. dagen: america is a good bet. here to tell you why. connell: one of our guests in this hour could be the next energy secretary. dagen: more on the power outage and the record-breaking at cbs sports for that incredible game. connell: and cyber attacks, the white house considering action against china. dagen: i had the ravens, did you? by a field goal, 27-24. connell: nobody knows football like dagen mcdowell. clearly. dagen: stocks now has to do every 15 minutes, nicole petallides at the new york stock exchange. nicole: a good bet going. if yo you're betting on the mar, 14,000 mar
weapons ban. that is not going over well with even some democrats including harry reid the democratic leader in the senate. whether there will be a vote as the president asked i don't really know. i don't think it will pass. other gun control measures, lesser measures particularly background checks have a good shot getting through this time. tracy: gerry seib washington bureau chief, read his column in the "wall street journal." thank you, sir. >> happy to be with you. ashley: the ozone called. it wants its layer back. tracy: don't put me on the stand. that is one of the myriad of things i ruined the country for. ashley: on deck, who dominated the mobile phone market for 2012? the final numbers are in. they might surprise you. they may not. we'll have all the details next. tracy: retail analyst kristen bentz said january's minuscule rise in sales is worse than you think. she will explain ahead. as we do every day at this time of day. we'll look how oil is trading. the dow is down. so is oil. it is off 40 cents. 97.10 a barrel. we'll be right back. at a dry cleaner, we replaced people
. ashley: in separate interviews sunday, both president obama and harry reid called for more revenue, only meaning one thing, higher taxes. this, of course, comes on the heels of an unexpected economic contraction in the fourth quarter and a rise in the unemployment rate. joining me now, fox news' senior judicial analyst. >> smiling because i'm happy to be here, but hard to smile with more taxes. didn't we just give him all the taxes he asked for a month or so ago? this is a mentality that believes in redistricting wealth. we're seeing the president at his most progressive capital "p" as jfk and woodrow wilson after the inaugural address. seems to me and those who watch this for a living that he's determined to imprint a big government brand of government into the fabric of federal law, even more than he attempted to do in the first administration. tracy: to call taxes slavery, that leads people to believe they don't have to pay them. >> if you believe the only legitimate commercial transaction is a voluntary one, then you can argue that taxes are theft and slavery because it's -- i'm not
cuts, john boehner says he will be meeting with harry reid later this week to talk about this. dennis: a reminder, we got the guy who delivered the tea party response to the president last night, senator rand paul coming up in 20 minutes. sandra: president obama giving apple founder tim cook a big shot out at the state of the union, the company announcing its plan to bring back manufacturing jobs back to the united states and this may seem encouraging, the michigan manufacturing technology center estimates it will only create 200 jobs. shares of apple shared 10% of their value over the last month up slightly in today's session, $468 a share. dennis: the nightmare is not over for the 3,000 people aboard the carnival triumph, the disabled cruise ship being towed to alabama after suffering a fire that caused it to lose power. the ship left galveston, texas last thursday with 3,000 passengers and 3,000 crewmembers. the fire broke out in the engine room sunday morning when the ship was 150 miles off of the coast of the yucatan peninsula. that caused it to lose power and remain adrift at se
are applied. harry reid and other democrats, however, respond to that. i think this can be done responsibly. whether it is domestic spending or defense. what the president does have in his advantage here is republicans are somewhat divided in this. i think it is important for the republican caucus to stick together on this. dagen: what about that i am a conspirators sometimes, what if the economy continues to chug along at the casting, then it kind of points to the fact that more cuts should have been. you can say i am an idiot. >> i think the administration is concerned because their base does not want to see this. they have political concerns. i do not think they are practical and the terms of the government's ability to move forward and provide services and so forth. they are more worried about the political out, i think. connell: lower gdp estimates, or is there at least some individual companies that will be affected? >> the spending that obama has wanted, he has gotten. spending has increased. what do we have to show for it? the slowest economic recovery in three generations. dagen: s
said that it was his refusal and of harry reid, he is again violating the law of the land that does not put forward a budget. this is all, remember they used to say there is no drama obama. he is all about drama. this is reaching absurd proportions. it is very dangerous but the president is doing. this is a leadership vacuum that you are watching right now in washington, d.c. it is deeply disturbing to watch it unfold. melissa: especially when you listen to the language that he is using and you realize ever want at the table is speaking a completely different language. when you are trying to make a deal with someone, you try to understand what the other person is saying. it is the opposite of what we are seeing here completely. lou: a glimpse of the apocalypse. the markets, i believe, right now we are up a few points from when he actually began talking. we will see this market begin to yield to the sheer weight of the uncertainties that are compounding in washington, d.c. you cannot continue along this path. both parties talk about sustainability. this is simply not sustainable. the
pelosi, harry reid. therein lies the potential problem where the more moderate democrats are going to have to step aside and stand down. >> and you look at that $4 trillion number. in the president's proposal is also including things like interest savings, more savings that are set to wind down anyway, and you look at the $4 trillion. it really only stabilizes debt to gdp ratio over the next decade or so off panama. the entitlement spending, medicare, medicaid, not doing their analysis of what the ten years after the next decade look like when it comes to the full entitlement boom that goes on from there, there are some major deficit and debt problems that are going to hit the federal budget in just the next 10-15 years alone. so the whole debate as to how big a problem deficit reduction is, jay carney a couple of weeks ago said it is not a goal of itself. just deficit reduction. i think the president clarified that a little bit this evening with a comment you just mentioned, neil. there is that question about whether and that democrats are all that serious about deficit reduct
Search Results 0 to 40 of about 41 (some duplicates have been removed)